The Knowledge Portal

The “Green and Sustainability Sukuk Report” report is a collaboration between Refinitiv, London Stock Exchange, UKIFC and GEFI. The report is a key outcome of the HLWG that will be informing and guiding the working group’s action plan for the coming two years.

The report provides insights on the green and sustainability sukuk market and broader ecosystem, in addition to outlining a roadmap to guide industry stakeholders across in building and enhancing this market for funding sustainable development plans.

This research report scrutinizes the International and Domestic Sukuk market developments, structural preferences and other relevant factors based on verified Sukuk issuance data with particular focus on the year 2021. As the case previous year, Sukuk market maintained its positive growth trajectory and posted yet another record year of issuances which evidently put Sukuk as one of the main driving force of the industry though 2021 has being a challenging year due sharp rise in commodity prices particularly Oil and inflationary pressure on global economy.

Leveraging on investor appetite for sustainable financing, the Government of Malaysia (GoM) issued a USD sukuk, structured based on sustainability principles in order to attract high quality investors as well as set new benchmark yields for other Malaysian issuers. Thus, the Government continue to tapped the global market through the issuance of USD-denominated dual tranche sukuk issuance of USD1.3 billion in April 2021, amid the challenging environment due to prolonged COVID-19 pandemic. The 10-year tranche of USD800 million, recorded a new milestone as the world’s first USD Sustainability Sukuk issued by a sovereign, signifying the Government’s latest commitment towards advancing sustainable development. At the same time, the Government also issued a 30-year tranche of USD500 million.